MICEX Index in the coming weeks could go down to the marks, paragraphs 950-960

Thursday reminds us Tuesday

On Wednesday U.S. stock indexes finished the day in raznopolyarnyh areas. NASDAQ Index was able to complete daily gain 0.66%, while the S P500 and the DJIA finished the day just below zero. Pressure on the sector shares in financial institutions has had a decision to lower the SP to 18 banks to credit rating, but 4 banks downgraded the rating outlook (SP Banks -4%). Reverse this decline in sector shares of health care. U.S. President Barack Obama announced yesterday on a large-scale reform of regulation of the financial sector, which will allow authorities to better control the movement of capital in the banking and investment business. The introduction of these rules should reduce the ability of banks in handling risky financial instruments.

Today's trading on Asian markets are once again in the area of reducing the stock indexes. The only green spot is allocated to Chinese stock market that is growing after the World Bank has increased the forecast of economic growth in China this year to 7.2% from the previous 6.5%. Oil prices on Thursday morning, trading at nearly $ 1 higher evening levels, again breaking the mark $ 70.5 per barrel.

Today's opening of tenders on Russian exchanges, we see moderate growth in the area of prices. Slightly fallen U.S. indices, oil prices, as well as rising futures this morning, give us a chance to rebound upwards. But it is more similar to the situation Tuesday. But do not deceive ourselves that the growth is, it will be short. Therefore we advise investors to use such local wave growth of quotations in order to reduce their positions in the securities. In our view, the MICEX index in the coming weeks could go down to the marks 950-960 points, which means that turbulent time, better to wait for the cache.

This afternoon, waiting for the publication of data on the number of applications for unemployment benefits in the United States, as well as data on an index of business activity in the industrial sector. The company Gazprom Neft will present the results of its work for I quarter 2009. on US GAAP.

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Analyst Ratings


The players still do not believe that the correction in the Russian market would be great
For the shares of Gazprom became important resistance 165 rubles
The picture outside the background slightly spoils the negative trend in Asian markets
The nature of the next trading sessions will be similar to earlier: the dramatic failure, and then attempts to stabilize and rebound up
Corrective mood in the Russian market is still very strong
The morning of the domestic market will show growth in the future, perhaps reducing stock quotes
Magic 1100 points on the MICEX index remained behind, now turned into a strong resistance level
Submit news pessimism that agency Standard Poor s has taken negative rating actions in respect of 11 Russian Banks
The Russian stock market today may again go down

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